Just installed the game from impulse and booted it. I can see the sun but all planets and ships are invisible (except for the little icons). Also, if I build a ship on a planet, you'll see the little ship orbiting around the (still invisible) planet.
Twilight also crashed once when I finished the pre-game setup. It loaded the game for about 2 seconds then CTD'ed while Vista tried to look for a solution.
I'll give as much info as possible:
Windows Vista 32 SP 1
Geforce 8800 GTS - Forcewar version: 175.16
2 Gig RAM
Intel Core 2 CPU 6600 @ 2.40 ghz
DX 10
I have the video settings maxed out with AA at 8x and the res at 1680x1050.